Virginia – Governor Glenn Youngkin introduced a new initiative, aimed at making Virginia a more attractive destination for large-scale business investments. The Made in Virginia Investment Accelerator (MVIA) seeks to streamline state processes and provide businesses with the resources they need to invest in the Commonwealth. The MVIA, which is backed by the Governor’s office, the Secretary of Commerce and Trade, and the Virginia Economic Development Partnership (VEDP), focuses on high-impact projects that bring at least 500 new jobs and over $250 million in investments.
It brings together various state agencies, including Virginia Energy, the Port of Virginia, and the Department of Health, to offer companies a coordinated support system. The initiative is designed to remove obstacles in permitting, site development, and state coordination, making it easier for businesses to expand or relocate. This new approach is expected to help Virginia better compete for major investments by providing quick access to state leadership and eliminating delays. Since the start of Governor Youngkin’s term, the state has seen more than $100 billion in investments and the creation of over 260,000 new jobs. The administration has also made strides in reducing regulatory delays and cutting associated costs for businesses. For further information or questions about the MVIA, businesses can reach out to the Office of the Secretary of Commerce and Trade via InvestInVA@governor.virginia.gov.
Virginia Gov. Glenn Youngkin
Photo: Governor.Virginia.gov